I already have ScotiaGold. My questions:
1) If I get the AmEx card in addition to my scotiagold card, will the points earned on both cards be in one account only? Meaning I can use the AmEx to rack up points but use the ScotiaGold for travel to take advantage of the 5% cashback.
2) Lastly, will it be advisable to wait till October then to apply for this card?

I've called SB monday night about this card...yes you can switch your current SB card...but you won't have the welcome bonus. If you want the bonus, you have to to open a new account with them. The rep told me that, beginning october 10th, they will contact existing clients about this card and offer different promotion to them (maybe fee waved for the first year, etc.).

He also told me that they will give a companion card with this card (if the merchant doesn't take Amex), the Reward Visa...giving a wonderful 0.5%. I've stop him right away..."you telling me that if they don't take my 4% card, I can use this 0,5% card ???" He told me: "You're right, it doesn't make any sense...i'll take your feedback in consideration and will talk about it in our next meeting on friday...you know that is a brand new product and will have to adjust some littles things". Anyway, we gonna see if it's true or not...but it's a good start.

I already have ScotiaGold. My questions:
1) If I get the AmEx card in addition to my scotiagold card, will the points earned on both cards be in one account only? Meaning I can use the AmEx to rack up points but use the ScotiaGold for travel to take advantage of the 5% cashback.

From what I understand, the points are accumulated into the same program so you should be able to earn with one card and use with the other. Someone correct me if I'm wrong.

I compared some of the details against the Aspire World benefits. The wording is nearly identical on many of the policies, but here are some of the differences:

Travel Emergency Medical: covers first 25 days (Aspire is 21) for folks under 65, or 10 days for those 65+ (Aspire is 8). Max $1 million/person, Aspire has max $2 million. Scotia has an additional "Car Accident Insurance" that pays up to $200/day for 3 days following a car accident in which your vehicle becomes inoperable, for food, accomodation, car rental, or commercial transportation.

Trip Cancellation/Interruption: Scotia only requires 75% of the trip expenses charged to the card in order for the trip to qualify, Aspire requires 100%. Besides your spouse and dependent children, Scotia covers 1 additional travelling companion if their trip expenses are charged to the card, whereas Aspire covers up to 2 companions. Scotia's maximums are $2500/person and $10000/trip, Aspire's max is $1000/person and $5000/trip. Scotia's policy does not specify if you get reimbursed for any points used to purchase your flight, Aspire specifically excludes the value of any such points.

Sorry, ran out of time to compare the others. I will edit to add them if I get time later.

@angel_wing0 - yes you can switch your Scene visa as long as it's the regular Scene Visa and not the student version, keep in mind that the minimum CC limit needs to be met too.

@BBaludoy - Yes, the points on the ScotiaGold Passport Visa and the AMEX Gold are transferrable. You can have both cards and take advantage of the high earn rate on the AMEX and still get the 5% cashback on the ScotiaGold.